Energy innovation is creating new opportunities for start-ups. In this video John Licata of Blue Phoenix shares his views how software can be a real game-changer for the future of energy. John also gives his insights into new progress being made at Tendril, a client of Blue Phoenix.

With a lot more information being stored in the cloud, energy companies need to invest more to safeguard these valuable materials, says John Licata, founder & chief energy strategist of Blue Phoenix. This idea, explained during this CNBC segment, gains more importance as an increased amount of big data is integrated to further advance the connected home, connected car and the smarter grid.

It’s unrealistic to think that oil prices will remain lower permanently so countries should continue to embrace new technology in the energy space, says John Licata, chief energy strategist of Blue Phoenix. This will lead to a new wave of innovation influencing the future of energy.